Delta’s profit tumbles on higher costs; passenger unit revenue rises
(Reuters) – Delta Air Lines Inc on Thursday reported a 21 percent drop in second-quarter profit because of sharply higher labor and fuel costs, despite higher passenger unit revenue, sending its shares down 2 percent.
Germany summons Daimler to address emissions allegations
BERLIN (Reuters) – A German government committee investigating carmakers has summoned Daimler for a meeting on Thursday to address allegations it sold cars with excessive emissions, the transport ministry said.
Wall Street rises as financials lead before earnings
NEW YORK (Reuters) – Wall Street posted slight gains on Thursday and the Dow hit another record high close, with financials rising ahead of profit reports due Friday from several big U.S. banks.
Goldman Sachs relaxes dress code for techs in fight for talent
(Reuters) – Traditionally buttoned-up Wall Street bank Goldman Sachs Group Inc has relaxed the dress code for its computer engineers in a bid to attract tech talent with a more casual environment.
Uber and Yandex to combine ride-hailing in Russia and beyond
FRANKFURT/MOSCOW (Reuters) – Uber and Yandex, the “Google of Russia”, have agreed to combine their Russian ride-sharing businesses, with Yandex the leading partner in a deal that extends to five nearby markets.
Target’s upbeat forecast drives retail stocks higher
(Reuters) – Target Corp forecast sales to increase for the first time in five quarters, thanks to improved customer traffic and sales trends, sending its shares up as much as 4.4 percent and pushing retail stocks higher.
French government to appeal pro-Google court tax ruling
PARIS (Reuters) – The French government said on Thursday it would appeal against a court ruling in Google’s favour with regard to 1.1 billion euros ($1.25 billion) in tax.
Kremlin says turbines being installed in Crimea are of Russian origin
MOSCOW (Reuters) – The Kremlin said on Thursday that gas turbines being installed in Crimea were of Russian origin after German engineering firm Siemens said earlier this week that two of its turbines had been delivered there against its wishes and wit…
BlackRock cuts fees, builds bond indexes in bid ‘to be ubiquitous’
NEW YORK (Reuters) – The world’s largest asset manager BlackRock Inc on Thursday launched four bond exchange-traded funds and cut fees on another in an effort to lure more investors to its products from traditional debt markets.
AstraZeneca slumps on report CEO is heading to Teva
LONDON (Reuters) – Shares in AstraZeneca fell more than 5 percent on Thursday after the company declined to deny a media report that Chief Executive Pascal Soriot was about to defect to Israel-based Teva Pharmaceutical Industries.
